Capstone Turbine Corporation (CPST) Ahead of Schedule for Meeting Development Agreement Milestones
Capstone Turbine Corporation is a global manufacturer of low-emission microturbine systems. The company’s award-winning systems are designed to improve the efficiency of U.S. energy infrastructure and to reduce the emission of greenhouse gases. To fuel this mission the company is a member of the U.S. Environmental Protection Agency’s Combined Heat and Power Partnership. The company today announced it has received a payment from UTC Power, of United Technologies Corp. (NYSE: UTX), for the completion of the fifth of six “Microturbine Build” milestones as part of the 200kW microturbine development and commercialization agreement between the companies. Including today’s announcement, Capstone has…